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F&Iby StaffMarch 13, 2014

February Wholesale Prices Down From January

Tom Kontos reported this week that wholesale used-vehicle prices in February averaged $9,839, down compared to January.

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Complianceby Brittany-Marie SwansonMarch 13, 2014

CFPB Fills Key Posts

Jeffrey Langer will be stepping into Richard Hackett’s former role as assistant director of installment and liquidity lending markets for the bureau.

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F&Iby StaffMarch 13, 2014

Used-Vehicle Prices Rise in February

Thanks to improving weather during the second half of February, used-vehicle prices edge up 2.2%, the NADA Used Car Guide reported this week. The firm expects prices to continue rising in March.

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Complianceby StaffMarch 13, 2014

New Jersey Bans Tesla Sales

The New Jersey Motor Vehicle Commission voted unanimously to ban the direct sale of vehicles to consumers, effectively shutting down Tesla’s showrooms in the state.

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Complianceby StaffMarch 13, 2014

Virginia Woman Sues Dealership for False Imprisonment

A Virginia woman is suing a dealership there for allegedly forcing her to buy a car. She is seeking $400,000 in damages, the Virginia-Pilot reports.

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Auto Financeby StaffMarch 13, 2014

Exeter Finance Adds to Executive Team, Board of Directors

Steve Zemaitis has joined the company as executive vice president of strategy and planning. The auto finance company also announced the appointment of A.J. Wagner to its board of directors.

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Digitalby StaffMarch 11, 2014

Vision Warranty Selects StoneEagle’s SEcureARCH Platform

Vision Warranty has deployed the SEcureARCH software platform from StoneEagle, which provides erating, econtracting and eremittance capabilities.

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Showroomby Brittany-Marie SwansonMarch 11, 2014

Dealer Count in Carfax Antitrust Suit Reaches 530

The lawsuit, which was filed last April, now lists 530 dealer plaintiffs, with the firm leading the case reporting that new dealers are being added every day.

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Digitalby StaffMarch 11, 2014

Motorize Launches Interactive F&I Menu

Motorize debuts its latest product in its suite of web- and mobile-based automotive services, the Motorize F&I Menu.

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Complianceby Brittany-Marie SwansonMarch 11, 2014

Lawmakers Question CFPB’s Internal Management Practices

Three Republican lawmakers are requesting information from the CFPB regarding employee performance reviews after reports surfaced last week about possible racial disparities related to its internal management practices.

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